Research On The Motivation And Economic Consequences Of BOCOM’ Spin-off Of BOCOM International Listing

The spin-off of listed companies is an important means of optimizing the allocation of resources in the capital market.It is beneficial to the company to streamline its business structure,broaden financing channels,obtain reasonable valuations,and improve incentive mechanisms.It has positive significance for promoting high-quality economic development.In order to deepen the financial supply-side structural reform,on December 12,2019,the China Securities Regulatory Commission announced the substantive conditions for the spinoff of domestic listed companies into the A-share sector,and the spin-off and listing has become the focus of attention in the capital market.Although this policy has not liberalized the financial business’ s spin-off and listing in the A-share segment,and the financial business can only be spin-off and listed overseas,but in the context of the banking industry’s successive spin-offs of the business segment to form separate subsidiaries,BOCOM as a bank the second spin-off company in the field still has some research and reference value.How does the spin-off and listing affect the listed banks in the banking field,and what considerations this future pilot reform of the A-share spin-off and listing of banks and nonbanking listed companies bring about in the future spin-off and listing of companies that deserve further study.This paper sorts out the literature related to the spin-off and listing,and constructs the overall analysis framework for the spin-off and listing of state-owned banks.Taking the BOCOM’ spin-off of BOCOM International Listing as a case study,the motivations and economic consequences of the spin-off and listing of the Bank are studied,and the economic effects of the Bank’s spin-off and listing are made in multiple dimensions from the perspective of market response,financial performance,corporate management,and potential risks.analysis.Through research,it was found that the Bank achieved excessive returns in the short term through spin-off and listing.The fundraising effect was good in the short term and the financing capacity improved.At the same time,the spin-off and listing also promoted the Bank Bank Group’s mixed reform,the implementation of the refocusing strategy,and optimization.Employee compensation structure and so on,but the long-term performance is not good,the business growth is weak,the good growth trend has notcontinued.In general,the spin-off and listing of BOCOM has more advantages than disadvantages,and the introduction of the A-share spin-off and listing policy will bring certain positive effects to market participants in the capital market.Therefore,listed companies should choose the appropriate business based on their own circumstances to spin off and list,and fully grasp the policy dividend.The purpose of this article is to study the case of BOCOM’ spin-off of BOCOM International,with a view to the corresponding revelation of the split-listing of listed companies,especially the reform of the mixed ownership of banking listed companies and state-owned listed companies.After the delisting,we will make suggestions on how to give full play to the role of the spin-off and listing,do a good job of post-spin risk management measures,and make adjustments to future regulatory policies.